SemiCab Demonstrates More Than 70% Reduction in Empty Trucking Miles Across Live Freight Networks
Algorhythm Holdings, Inc. (RIME)
Company Research
Source: GlobeNewswire
Fort Lauderdale, FL, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today announced that it has published a whitepaper demonstrating that its SemiCab platform reduces empty freight miles by more than 70% across active customer networks. According to Mordor Intelligence, a leading market research firm, the global truckload transportation industry represents an approximately $3 trillion annual market. With trucks driving empty nearly one out of every three miles, more than $1 trillion in freight spending is lost to inefficiency each year. If deployed at scale, Algorhythm believes its SemiCab platform has the potential to eliminate up to $700 billion in global empty-mile waste. In India, a landmark report by the think tank RMI and NITI Aayog found that trucks run empty up to 40% of the time, significantly higher than the global average of 30–35%. This inefficiency contributes to elevated logistics costs and
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News
- Forbes Features SemiCab’s AI Platform as Key to Reducing Hidden Costs in Food Supply ChainsGlobeNewswire
- SemiCab to Exhibit at LINK 2026 by RILAGlobeNewswire
- Algorhythm (NASDAQ:RIME) was upgraded by analysts at Zacks Research to a "hold" rating.MarketBeat
- SemiCab Secures First Contract Expansion of 2026 with Unilever India [Yahoo! Finance]Yahoo! Finance
- SemiCab Secures First Contract Expansion of 2026 with Unilever IndiaGlobeNewswire
RIME
Sec Filings
- 1/23/26 - Form 8-K
- 12/29/25 - Form 8-K
- 12/16/25 - Form SCHEDULE
- RIME's page on the SEC website